7 ms·

This thing is about to pop.

lm28469 8mo ago
You know it's bad when even scam altman calls for regulations. They spend their entire lives telling you regulations are bad and taxation is theft but as soon as they need to drown the competition they lobby for more regulations https://www.yahoo.com/news/articles/openai-chief-sam-altman-says-125826974.html https://www.yahoo.com/news/articles/openai-chief-sam-altman-...
- mnky9800n 8mo ago
  Rules for thee not for meeeeeee
- villgax 8mo ago
  Altman has been calling for it since 2023, lobbying world leaders meeting them to push on this Lol, were you under a rock or something?
  - lm28469 8mo ago
    > since 2023 Is this supposed to be ancient history already ?
- Capricorn2481 8mo ago
  But he's been doing that for years too.
- raincole 8mo ago
  This comment cannot be further from reality. Altman has always been a very loud advocate for AI regulation. https://www.nytimes.com/2023/05/16/technology/openai-altman-artificial-intelligence-regulation.html https://www.nytimes.com/2023/05/16/technology/openai-altman-...
  - raw_anon_1111 8mo ago
    Of course he has. Major incumbents want regulation that makes it harder for new comers
  - shmageggy 8mo ago
    Except when that regulation actually has teeth, which is why he opposed California’s SB 1047. I agree with GP that Altman (and all the rest) want regulation insofar as it protects their moat but no further.
  - latexr 8mo ago
    > Altman has always been a very loud advocate for AI regulation. And then the EU said “OK, let’s regulate”, and Altman said “no, not like that!” https://www.reuters.com/technology/openai-may-leave-eu-if-regulations-bite-ceo-2023-05-24/ https://www.reuters.com/technology/openai-may-leave-eu-if-re... Note the dates. The above article was posted merely a week after yours. Altman only cares about regulations if they can benefit him, he doesn’t do it out of some sense of morality. To these tech bros, “regulation” means “codify into law whatever I’m doing, and disallow everything else so I don’t have competition.”
- freetonik 8mo ago
  Using words like “Scam Altman” instantly reduces credibility of the author in my eyes. If you want to convince people of something, perhaps it’s better not to use childish methods. No disrespect, just sharing my thoughts. I see “Elmo Musk” and “Orange Man” etc., and I immediately think this is not worth reading (regardless of my opinion of those persons).
  - lm28469 8mo ago
    > Using words like “Scam Altman” instantly reduces credibility of the author in my eyes. He 100% deserves his title for Loopt alone. I don't have any credibility to being with, this is an anonymous wantrepreneur shitposting forum not the US congress. I know people lurking here love these sociopaths but come on...
  - DonHopkins 8mo ago
    How sad for you. Whenever I hear people proudly announcing how arbitrarily and illogically and performatively they decide what's worth reading, I don't think what you write is worth reading either. I'm much better off reading diverse opinions and deciding what to believe based on what they actually say, instead of imposing petty rules and self-censoring what I read, and self-cultivating ignorance. You'd be much better off, mentally healthier, and subjected to less propaganda if instead you ignored what "Scam Altman" and "Elmo Musk" and "Orange Man" write instead of what people who criticize them write, since they have such asymmetrically bigger platforms and pro-oligarchy biases than their critics, and they also regularly call people childish names themselves. TL;DR: you're choosing to ignore the wrong people.
criddell 8mo ago
Have you moved your retirement account money out of stocks and index funds into something safer? I've actually been thinking about it...
- marcyb5st 8mo ago
  I did. I moved to sovereign debt (not US), bonds and stocks of boring companies (staples, energy, medicine, ...) that have at least AA rating. Might miss out a few months of glamorous growth, but fuck that, it reached a point that just one company hiccuping will send the whole thing tumbling (IMHO).
  - criddell 8mo ago
    Energy and healthcare has big AI exposure too. If it pops, you're going to be better off but not totally spared. I suppose that's probably a smart move though...
    - marcyb5st 8mo ago
      Fair enough and thank you for the comment. I went with a bit of Roche, Novartis, ... So something that would at least cushion the fall with dividends and not being in the GenAI crossfire since they definitely use AI/ML (I got them through an ETF). Also almost all my assets are now either CHF or Euro denominated/hedged. I am also not comfortable with the dollar weakening and the next Fed head probably cutting rates again like Trump wishes
      - kjkjadksj 8mo ago
        You’d be surprised. A lot of biotech is using genai not just traditional ml. And hiring for genai and LLM. They want to build their own chatbots, only trained on their own data and primary literature not reddit comments from armchair biologists.
        marcyb5st 8mo ago
infecto 8mo ago
When retail is predicting a pop it’s time to buy.
- malfist 8mo ago
  When my friend told me not to put my hand in the fire, I knew it was time to stick it in and not pull it out, no matter what it cost me.
  - infecto 8mo ago
    Not sure what your story has to do with the discussion at hand. On average people do not beat the market, the market can be irrational longer than you are solvent but also most people probably have not done any modeling and so these are really feelings and not real economic bets.
    - malfist 8mo ago
      Your statement was deciding to do something based solely on the fact that someone else advised them not to do that. So I presented the same scenario with the same logical process. It isn't valid. It's being a contrarian, and not the outgrowth of some logical process.
      - infecto 8mo ago
        No my statement was the usual joke that it’s always best to do the opposite of the herd. Once everyone is buying beanie babies the market is probably getting saturated. With all these bubble comments on HN I think it’s very much the same. Is there a bubble? Probably. Is it going to pop, probably not.
paxys 8mo ago
I've been hearing "the bubble is about to burst" every day since 2011. Yeah there will be an eventual correction, maybe in a major way, but trying to time the market is and always will be a fool's errand. The rock bottom of the next hype cycle can be higher than the peak of the current one.
raydev 8mo ago
Hopefully I'll soon be able to build a new high end gaming PC and not be forced to pay 1980s era prices for it.

You know it's bad when even scam altman calls for regulations. They spend their entire lives telling you regulations are bad and taxation is theft but as soon as they need to drown the competition they lobby for more regulations https://www.yahoo.com/news/articles/openai-chief-sam-altman-says-125826974.html https://www.yahoo.com/news/articles/openai-chief-sam-altman-...

mnky9800n 8mo ago
Rules for thee not for meeeeeee
villgax 8mo ago
Altman has been calling for it since 2023, lobbying world leaders meeting them to push on this Lol, were you under a rock or something?
- lm28469 8mo ago
  > since 2023 Is this supposed to be ancient history already ?
Capricorn2481 8mo ago
But he's been doing that for years too.
raincole 8mo ago
This comment cannot be further from reality. Altman has always been a very loud advocate for AI regulation. https://www.nytimes.com/2023/05/16/technology/openai-altman-artificial-intelligence-regulation.html https://www.nytimes.com/2023/05/16/technology/openai-altman-...
- raw_anon_1111 8mo ago
  Of course he has. Major incumbents want regulation that makes it harder for new comers
- shmageggy 8mo ago
  Except when that regulation actually has teeth, which is why he opposed California’s SB 1047. I agree with GP that Altman (and all the rest) want regulation insofar as it protects their moat but no further.
- latexr 8mo ago
  > Altman has always been a very loud advocate for AI regulation. And then the EU said “OK, let’s regulate”, and Altman said “no, not like that!” https://www.reuters.com/technology/openai-may-leave-eu-if-regulations-bite-ceo-2023-05-24/ https://www.reuters.com/technology/openai-may-leave-eu-if-re... Note the dates. The above article was posted merely a week after yours. Altman only cares about regulations if they can benefit him, he doesn’t do it out of some sense of morality. To these tech bros, “regulation” means “codify into law whatever I’m doing, and disallow everything else so I don’t have competition.”
freetonik 8mo ago
Using words like “Scam Altman” instantly reduces credibility of the author in my eyes. If you want to convince people of something, perhaps it’s better not to use childish methods. No disrespect, just sharing my thoughts. I see “Elmo Musk” and “Orange Man” etc., and I immediately think this is not worth reading (regardless of my opinion of those persons).
- lm28469 8mo ago
  > Using words like “Scam Altman” instantly reduces credibility of the author in my eyes. He 100% deserves his title for Loopt alone. I don't have any credibility to being with, this is an anonymous wantrepreneur shitposting forum not the US congress. I know people lurking here love these sociopaths but come on...
- DonHopkins 8mo ago
  How sad for you. Whenever I hear people proudly announcing how arbitrarily and illogically and performatively they decide what's worth reading, I don't think what you write is worth reading either. I'm much better off reading diverse opinions and deciding what to believe based on what they actually say, instead of imposing petty rules and self-censoring what I read, and self-cultivating ignorance. You'd be much better off, mentally healthier, and subjected to less propaganda if instead you ignored what "Scam Altman" and "Elmo Musk" and "Orange Man" write instead of what people who criticize them write, since they have such asymmetrically bigger platforms and pro-oligarchy biases than their critics, and they also regularly call people childish names themselves. TL;DR: you're choosing to ignore the wrong people.

criddell 8mo ago

Have you moved your retirement account money out of stocks and index funds into something safer? I've actually been thinking about it...

marcyb5st 8mo ago
I did. I moved to sovereign debt (not US), bonds and stocks of boring companies (staples, energy, medicine, ...) that have at least AA rating. Might miss out a few months of glamorous growth, but fuck that, it reached a point that just one company hiccuping will send the whole thing tumbling (IMHO).
- criddell 8mo ago
  Energy and healthcare has big AI exposure too. If it pops, you're going to be better off but not totally spared. I suppose that's probably a smart move though...
  - marcyb5st 8mo ago
    Fair enough and thank you for the comment. I went with a bit of Roche, Novartis, ... So something that would at least cushion the fall with dividends and not being in the GenAI crossfire since they definitely use AI/ML (I got them through an ETF). Also almost all my assets are now either CHF or Euro denominated/hedged. I am also not comfortable with the dollar weakening and the next Fed head probably cutting rates again like Trump wishes
    - kjkjadksj 8mo ago
      You’d be surprised. A lot of biotech is using genai not just traditional ml. And hiring for genai and LLM. They want to build their own chatbots, only trained on their own data and primary literature not reddit comments from armchair biologists.
      - marcyb5st 8mo ago

infecto 8mo ago

When retail is predicting a pop it’s time to buy.

malfist 8mo ago
When my friend told me not to put my hand in the fire, I knew it was time to stick it in and not pull it out, no matter what it cost me.
- infecto 8mo ago
  Not sure what your story has to do with the discussion at hand. On average people do not beat the market, the market can be irrational longer than you are solvent but also most people probably have not done any modeling and so these are really feelings and not real economic bets.
  - malfist 8mo ago
    Your statement was deciding to do something based solely on the fact that someone else advised them not to do that. So I presented the same scenario with the same logical process. It isn't valid. It's being a contrarian, and not the outgrowth of some logical process.
    - infecto 8mo ago
      No my statement was the usual joke that it’s always best to do the opposite of the herd. Once everyone is buying beanie babies the market is probably getting saturated. With all these bubble comments on HN I think it’s very much the same. Is there a bubble? Probably. Is it going to pop, probably not.

paxys 8mo ago

I've been hearing "the bubble is about to burst" every day since 2011. Yeah there will be an eventual correction, maybe in a major way, but trying to time the market is and always will be a fool's errand. The rock bottom of the next hype cycle can be higher than the peak of the current one.

raydev 8mo ago

Hopefully I'll soon be able to build a new high end gaming PC and not be forced to pay 1980s era prices for it.